Confidence rises for China-Africa co-operation

After the 18th CPC National Congress, the reporter interviewed people from South Africa's financial and industry and commerce sectors. Luo Zhuoyu, managing director and general manager of Standard Chartered China-Africa, told the reporter that the 18th CPC National Congress was of great historic significance to maintain China's prosperity and development and would have profound and lasting influence on the world economy. The financial sector of South Africa generally holds optimistic view about the prospects of the cooperation between China and Africa after the 18th CPC National Congress.

The financial sector of South Africa focuses on four aspects of the Report delivered by General Secretary Hu Jintao. First, the report proposes to deepen reform of the financial system, improve financial supervision and oversight, promote financial innovations, and ensure financial stability. Africa's rather backward financial industry is a bottleneck to expanding China-Africa cooperation on economy, trade and investment. China's initiative in advancing financial system reform and innovation will serve as a demonstration and a boost for Africa's financial industry. This indicates that human resources exchange and business cooperation in the financial sector between China and Africa will enter a new phase in the future.

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